Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1887-02-23
Staunton Markets.
SPECTATOR OFFICE,
Gfnrvnt W. Tot slsD 1907


SfauntOD. Va. Feb. %. 1887. !
During the past week considerable reaction
has taken place in grain-quotations nj
governing points of the trade. Ordinarily We
| might Conclude that there would be no more
sudden chang es. and that relapse from the
prospects of still further advancing prices
were OF The past, but there Is no guaranty that
the wheat markets may not be subjected again
to the specializing and, gambling inf1uenc S
which. in the face of conceded deficiency in
supplies. were able to depress prices. A pretext
for the renewal of this state of things will
come 10 pass in a short time when the re.
serves OF spring wheat brgin to come forward.
There has been some difficulty in railroad and
aim ost a suspension of wagon. transportation
In consequence of the condition OF country
roads in the Northw estern spring-wheat Ter
ritory, and as soon as the surplus there maxi s
its appearance, the result will probably be as
stated. though 1T will be insufficient to affect
the shortage of supplies to an observable ex.
tent.
The Liverpool quotations are advancing
with frmness. Dizziness has given place to
some activity, and holders Offer sparingly.-
According 10 The estimated demand in the
United Kingdom which has been uniformly
conceded. the deficiency is about as large now
as 1t was one month ago. showing that the i'm
portatioDs have been unequal to meet the
daily consumption, and 10 prevent withdraw
ais from store houses at more than a pro rata
rafe-in other words the needs OF the shorter
time are as great as they were for the longer
A large portion of the wheat. crop of the
Uniled Kingdom was harvested in bad order
and. it is said. will lessen the heretofore esti-
mate of home resources, and the shortage of
ia
10 be larger than previous estimates. Adding
these deficiencies TO the seven, y odd millions
of bushels needed by the United Kingdom,
leaves the matter very pain as The season is
brought to close-the inability OF the ex port.
ing to supply the requirements OF the import
ing cnu utries; for to take the visible supply
o. the United States and make large addition
to it-all that we have for export the total
would b. short OF enabling the English i'm
porLers to meet ;the wants in their marx cts.
which will be more apparent as the season ad :
vances.
The eighteen States along The coast from
New York to Texas produced about 81 million
bushels, million of which we're taken for
seed. The population of these States is about
IS millions. requiring about l6) million bushels
for food. Taxing the production and seed
from the requirement. leaves something ike
80 millions. 10 be brought from the States west
o. the Ohio and the Northwest With the ex-
port demand. and this loug belt OF States. also
buyers from the daily diminishing stocks,
opens view which Is worthy of looking at by
consumers as well as producers.
The Influence of the changed tone at Liver.
ppol has been felt at all points. In Richmond.
the 49, b, good Longberry sold at SO cents.-
Other sales are reported on private terms.'
which means 81 co. A few weeks since, land for
a day or so then. good wheat brought $780, and
the sales referred to are the first as nigh since
in Richmond.
The receipts here very light, and but
little is doing. Our millers was paying Sc
cen Is to day.
Tue offerings of clover seed continue large,
with considerable socks In hands of Dealers
Hay unchanged.
Corn and oats f1rmer.
Western bacon and lard are quo ed higher
Eggs abundant and lower.
Butter is quoted this week considerably
higher and IN good demand.
Poultry live or dressed, is In good supply
For live turkeys IA CTS. per pound. Chick ems
~ to Is cts. piece. DUCKS Zoe. Geese 5Oc-
Dressed turkeys l0c. Chickens Sc. Ducks lOc.
Geese &c.
1.-THE quotations are wholesale, MOI RETAIL